会计专业英语模拟题(开卷)讲述.doc

《会计专业英语》模拟题（补） 1．Complete the translation between Chinese and English: （1）salvage value （2）depreciation （3）ratio analysis （4）所有者权益 fiscal year （6）uncollectible accounts （7）double entry system （8）petty cash （9）流动资产 gross profit （11）first in first out （12）资产负债表 common-size analysis （14）corporations （15）经济业务 short-term debt-paying ability 2．Label the following accounts as asset (A), liability (L), owner’s equity (OE), revenues (R) or expense (E) （1）Office Supplies （2）Professional Fees （3）Prepaid Insurance （4）Salary expense （5）Accounts Payable （6）Service Income （7）R. L. Osborn, Capital （8）Rent Expense （9）Accounts Receivable （10）Notes payable 3. Answer the question related to the topic of the conversation Why Isn’t The Accounting A Mirror of What Happened? John: Leanne, can you explain what’s going on here with these monthly statements? Leanne: Sure, John. How can I help you? John: I don’t understand this last–in, first–out inventory procedure. It just doesn’t make sense. Leanne: Well, what it means is that we assume that the last goods we receive are the first ones sold. So the inventory is made up of the items we purchased first. John: Yes, but that’s my problem. It doesn’t work that way! We always distribute the oldest produce first. Some of that produce is perishable! We can’t keep any of it very long or it’ll spoil. Leanne: John, you don’t understand. We only assume that the products we distribute are the last ones received. We don’t actually have to distribute the goods in this way. John: I always thought that accounting was supposed to show what really happened. It all sounds like “make believe” to me! Why not report what really happens? Question: How would you respond to John if you were Leanne? 4. Casey Electronics’ ending inventory consists of 182 Model M43 CD players acquired through various purchases, as follows: Specific Purchase Number of Units Cost per Unit Total Cost Beginning inventory 34 $270 $